victory lap: Word of the day for August 21, 2016

victory lap , n :
(sports) An extra lap of the race track taken after the conclusion of a race. (US, education, slang) One or more years of study beyond the traditional four taken to complete one's undergraduate degree. On today, the last day of the 2016 Summer Olympics in Rio de Janeiro, Brazil, the marathon event takes place.
August 21, 2016